Page 14 - Banking System

Huge liquidity surplus unlikely to be inflationary, say economists

Instead of pushing up inflation, the huge surplus liquidity, bordering at Rs 7 trillion daily, is helping in policy rate transmission and aiding govt to borrow at a cheaper rate

Rs 1.51 tn disbursed to MSME sector under emergency credit plan, says govt

There has been a big jump in the sanctions in the last 15 days, says finance ministry.

The Indian banking system is safe, but NPAs may shoot up, says RBI

The gross NPA ratio may rise from 8.5 per cent in March to 12.5 per cent by March 2021, but could worsen to 14.7 per cent under a very severely stressed scenario. However, no bank will fail

Indian financial system sound but Covid could spike bad loans: RBI

Gross NPAs of banks may rise from 8.5% this March to 12.5% by March 2021 but could worsen to 14.7% under very severely stressed scenarios. However, no bank will fail, apex vank says in FSR

Lockdown impact: Bank credit growth plunges 50% in fortnight to May 22

Banks had surplus liquidity of Rs 4.5 trn in the period

Intellect Design Arena launches iTurmeric Fincloud through IBM Cloud

The initiative will support onboarding to the IBM financial services-ready public cloud, including guidance through a prescriptive implementation and evidence process to help deliver Intellect Design

Bank liable for unauthorised online transaction

The National Commission observed that there was a security breach of the bank's net banking system

Covid-19: Some banking systems may need help if situation worsens, says IMF

Leading regulators and bank chief executives, particularly in the United States, have said lenders are robust enough to withstand the unfolding economic crisis.

Centre tells states to ensure smooth movement of bank, ATM staff

Banks told to keep adequate cash at ATMs as FM announces free cash withdrawals at ATMs

YES Bank crisis: Paying loan? Shift ECS mandate to a nationalised bank

If you are paying a personal/home loan or doing SIPs, shift ECS mandate to another bank. It just might make sense to have one account with a nationalised bank

We'll keep investing in India as long as we see opportunities: Blackstone

Schwarzman spoke to Pavan Lall, and fielded questions on concerns about the coronavirus, the next few quarters for the world economy, and doing business in India

BS Banking Annual 2019: Indian banks safe, say SBI, HDFC Bank chiefs

HDFC Bank MD Aditya Puri and SBI Chairman Rajnish Kumar discuss the present and the future of the industry in a fireside chat

DFIs: Look before you leap

Before setting up any new development bank, the govt must examine the contribution and performance of the existing ones

Flush with liquidity, RBI is quietly buying bonds from the open market

Till November 22, the central bank bought Rs 4,300 crore of bonds

All you wanted to know about banking frauds

Bankers feel inhibited talking about frauds for fear of loss of reputation. Large frauds usually come to light after 54 months

Best of BS Opinion: India & India Inc's search of growth amid fiscal woes

From Kulbhushan Jadhav's reprieve to bank nationalisation, here are the best of Business Standard Opinions for the day

Banks must act now or risk becoming a 'footnote', cautions McKinsey

Banks allocate just 35% of their information-technology budgets to innovation, while fintechs spend more than 70%, McKinsey said

Indian banking, securities sectors' IT spend to grow 9% in 2020: Gartner

The assessment of the research and advisory firm is that the increasing investments are not only to create new product offerings but also to respond to evolving customer demands

'Triple whammy': India's property slump exposes banks to fresh crisis

Slump in property market is leaving builders struggling to repay loans to shadow lenders - housing finance firms outside the regular banking sector that account for over half of loans to developers

Small finance banks lag in opening Jan Dhan Yojana accounts in Odisha

This is despite their strong branch network and plans to expand retail banking operations; PSB lead race, accounting for 70% of such accounts opened in the state